ADM Delays Annual Report as It Warns on Internal Controls (4)

Archer-Daniels-Midland Co. delayed its annual report and indicated that a “material weakness” in its internal controls won’t have a broad impact on earnings.

The Chicago-based company, one of the world’s top agricultural commodity traders, said the issue with internal controls relates to the way it reports sales between segments, according to a regulatory filing Friday. As a result, it doesn’t expect an impact on balance sheets, earnings statements, income or cash flow.

The brief update comes after ADM stunned investors and the commodities trading world earlier this year by placing its Chief Financial Officer Vikram Luthar on administrative leave pending ...